Digital Currency Basics
Digital currency has grown out of the need for an alternative to the high costs and security issues related to using credit and debit cards for online transactions. Millions of people all over the world are conducting transactions in digital currency today. It's the way of future, and SpicePay makes it extra easy and affordable. Not to mention super fast.
Digital currency is essentially money in electronic form. It's used at online stores, at point-of-service (POS) sales, and in business-to-business and person-to-person transactions. It has no physical form, and is only exchanged electronically via the Bitcoin network. The system has been used, tested and refined since the late 1990s, so it is now mature enough to be considered a viable alternative to traditional banking and credit/debit cards.
"Digital currencies are issued by various independent companies, and typically purchased through a digital currency exchanger like SpicePay. Some are based on gold, while others are based on "fiat currency" such as the dollar or euro. Bitcoin is part of a decentralized, peer-to-peer digital currency system, so its value is driven by supply and demand."
Bitcoin is also very easy to use. Once you install a bitcoin wallet on your computer or mobile device, it will generate your first bitcoin address. You can easily create other bitcoin addresses as you need them, and give them to people so they can pay you or you can pay them. It's similar to how email works, and soon enough, it will be just as common.